rental lease bond

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rexwrx
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rental lease bond

Post by rexwrx » Mon, 11 Jan 2010 12:56 pm

hi, just want to find out what is the bond amount for a landed property?

have read through here it's normally 1 mth's rent for 1 year lease.

does that sound right?

also, is it kept by an independent 3rd party?

cheers, :D

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macaroonie
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Post by macaroonie » Mon, 11 Jan 2010 5:19 pm

Sorry no bond is kept by an independent party here, be really careful and document exactly the state of the premises before you move in so you will stand a better chance of getting your bond back!

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Post by buddhabelly » Mon, 11 Jan 2010 6:54 pm

macaroonie wrote:Sorry no bond is kept by an independent party here, be really careful and document exactly the state of the premises before you move in so you will stand a better chance of getting your bond back!
so document in ink and black and white and in the lease condition report.

does that include the INTERIOR and the EXTERIOR of the property? being that it's a landed property?

also, what about the $ amt? is it usually 1 mth worth of rent for 1 year of lease??

:o

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sundaymorningstaple
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Post by sundaymorningstaple » Mon, 11 Jan 2010 8:19 pm

At the minimum it will be 1 month deposit but often they will want 1 month deposit and the first & last month's rent for a total of 3 months. If it's landed property be sure to document both the inside and outside and if at all possible with photographs which show the date stamp on them. There is not any real protection for renters here so it's up to yourself to protect yourself as much as possible. Lot's of horror stories abound.

And not, deposits are not kept by a 3rd party or even by the landlord, that's why they will try to screw you out of the deposit. They went on holiday the month after you lease the premises with that money. They don't have it to give back. :-|
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers

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Post by buddhabelly » Wed, 13 Jan 2010 4:50 pm

sounds aweful. to sum up, renters need to protect their situation by:

1) take photos of the prperty w/ dates times. how detailed? i.e all walls, crevices croners etc?

2) are we able to push for 1 mths bond for 1 year's lease?

3) so who keeps the bond? prop agent??

cheers all. :???: :???:

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Post by buddhabelly » Wed, 13 Jan 2010 4:53 pm

sundaymorningstaple wrote: Lot's of horror stories abound.

And not, deposits are not kept by a 3rd party or even by the landlord, that's why they will try to screw you out of the deposit. They went on holiday the month after you lease the premises with that money. They don't have it to give back. :-|
surely it's not that bad?? what abt all the expats who had moved and are living there?

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Post by macaroonie » Wed, 13 Jan 2010 5:40 pm

How long have you been in Singapore for Buddhabelly?

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sundaymorningstaple
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Post by sundaymorningstaple » Wed, 13 Jan 2010 5:57 pm

buddhabelly wrote:sounds aweful. to sum up, renters need to protect their situation by:

1) take photos of the prperty w/ dates times. how detailed? i.e all walls, crevices croners etc?

2) are we able to push for 1 mths bond for 1 year's lease?

3) so who keeps the bond? prop agent??

cheers all. :???: :???:
When I said the landlords doesn't keep the deposits I mean he spent it! A month after you move in he's gone on holiday with it. Therefore, when it's time to return your deposit, they will find all kinds of crap wrong with the unit in order to have to keep from paying you your money back cause they already spent it! :-|

Anything that doesn't look right in the apartment (from water marks on the wall to watermark stains on parquet floors, chipped or broken tiles, and damage at all. And don't think they won't try to charge you for "normal wear & tear" as well.

The rest? most have read about the horror stories and go in prepared, or like some, don't think human beings can be like that, and then they learn their lessons the hard way. Right macaroonie? :wink:
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers

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Post by macaroonie » Wed, 13 Jan 2010 6:04 pm

SMS sometimes in life i'm not sure whether i should laugh or cry! But i am pretty lucky compared to many others on the forum, i really feel for those who have been hit etc! at least my deposit was never taken.

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